72 String Lily Cove Santa Rosa Beach, FL 32459
WaterColor NeighborhoodEstimated payment $8,054/month
Highlights
- Beach
- Dune Lakes Elementary School Rated A-
- Cul-De-Sac
About This Lot
Discover an unparalleled opportunity to build your dream home in the prestigious Park District of Watercolor, Phase V. Lot 37 is a premier homesite, ideally situated at the end of a quiet cul-de-sac on String Lily Cove. This exceptional property offers privacy and tranquility, with a greenbelt behind it and a 20-ft-wide greenway easement between it and the adjacent lot to the right. A completed home on the left further enhances the setting. This shovel-ready lot comes with fully approved and entitled architectural plans designed by Chris Stoyles of Archiscapes, along with all necessary Walton County permits, allowing you to break ground immediately. The current plans feature a stunning 5-bedroom, 7-bathroom home spanning 5,270 sqft of heated/cooled space, plus over 1,300 sqft of covered balconies and porches. The design includes a private pool, a summer kitchen, and an outdoor living area complete with a fire pitensuring the ultimate indoor-outdoor coastal lifestyle. Phase V is Watercolor's final and only short-term rental-restricted phase, ensuring a peaceful residential atmosphere. Residents also have access to an exclusive community pool available only to the owners of the 41 homesites within the phase. As a Watercolor homeowner, you'll enjoy exclusive access to world-class amenities, including the Watercolor Beach Club, featuring three Gulf-front pools, cabanas, a tiki bar, and dining options. Camp Watercolor offers a family-friendly water park with slides, a lazy river, and a casual dining area. Outdoor enthusiasts will appreciate direct access to Western Lake for kayaking and paddle boarding. The community's extensive trail system, lush parks, and beautifully landscaped common areas provide endless opportunities for recreation and relaxation. This is a rare opportunity to secure one of the most desirable homesites in 30A's largest master-planned community. Don't miss your chance to own a piece of paradise in Watercolor. For more details or to schedule a site visit, contact us today.
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,851
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 31 x 121 x 67 x 79
- Cul-De-Sac
- Cleared Lot
HOA Fees
- $503 Monthly HOA Fees
Schools
- Dune Lakes Elementary School
- Emerald Coast Middle School
- South Walton High School
Listing and Financial Details
- Assessor Parcel Number 14-3S-19-25405-000-0370
Community Details
Overview
- Association fees include ground keeping, master, security, cable TV
- Watercolor Subdivision
Recreation
- Beach
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,776 | $1,100,000 | $1,100,000 | -- |
| 2024 | $9,179 | $969,000 | $969,000 | -- |
| 2023 | $9,179 | $937,728 | $0 | $0 |
| 2022 | $7,900 | $852,480 | $852,480 | $0 |
| 2021 | $342 | $35,331 | $35,331 | $0 |
| 2020 | $0 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | For Sale | $1,299,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $750,000 | Aqua Title | |
| Special Warranty Deed | $750,000 | None Listed On Document |
Source: Emerald Coast Association of REALTORS®
MLS Number: 981605
APN: 14-3S-19-25405-000-0370
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